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Author Question: For the following, please answer "True" or "False" and explain why.If the market price in a ... (Read 97 times)

KWilfred

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Question 1

For the following, please answer "True" or "False" and explain why.


If a firm cannot earn profits in the short run, it will shut down.

Question 2

For the following, please answer "True" or "False" and explain why.


If the market price in a competitive market is below the minimum of average variable cost, the firm will shut down.


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Marked as best answer by KWilfred on Mar 14, 2021

krakiolit

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KWilfred

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Reply 2 on: Mar 14, 2021
Gracias!


sultansheikh

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Reply 3 on: Yesterday
Excellent

 

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